ISLAMABAD, Adviser to the Prime Minister for Commerce and Investment Abdul Razaq Dawood Friday said the country\u2019s exports had increased by 14 percent to US$ 22.563 billion during July to May 2020-21, as compared to the same period in FY 2019-20.<\/p>\n
On a monthly comparison with last year, in May 2021 the Exports increased by 18.7 percent to US$ 1.657 billion as compared to US1.396 billion in May 2020.<\/p>\n
A consultative meeting was held by the Adviser to Prime Minister for Commerce and Investment Abdul Razaq Dawood to review the trade trends at the Ministry of Commerce, said a press release issued by the Ministry of Commerce here.<\/p>\n
He was informed that according to the provisional (PRE-PBS) figures; monthly exports in May, 2021 have been on the higher side compared to May 2020.<\/p>\n
As a result, the exports in May increased to US$1.657 Billion compared to US $1.396 Billion in May 2021. This shows an increase of 18.7 percent.<\/p>\n
He was further informed that since there was an extended Eid holiday to control the spike of Coronavirus which also affected the overall exports in May.<\/p>\n
The adviser was informed that geographically; in May 2021 top exports\u2019 destinations are USA, China, UK, Afghanistan, Bangladesh, Australia, Sri Lanka, and Kazakhstan.<\/p>\n
He was also informed that imports in May 2021, grew to US$2.863 billion which has mainly been due to increased imports of petroleum, palm oil, wheat, soybean, machinery, raw material and chemicals, fertilizers, and synthetic filament yarn.<\/p>\n
Razak Dawood paid rich tributes to Pakistan\u2019s exporters for this performance during difficult times despite the COVID-19 rise in May and contraction in Pakistan\u2019s major markets and the difficulties created by the recent upsurge of COVID-19.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, Adviser to the Prime Minister for Commerce and Investment Abdul Razaq Dawood Friday said the country\u2019s exports had increased by 14 percent to US$ 22.563 billion during July to May 2020-21, as compared to the same period in FY 2019-20. On a monthly comparison […]<\/p>\n
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